In this influencer-fueled world, we are constantly told that we must hit certain milestones to be a ‘real business.'
But the truth is, out of the 28 million companies in the United States, only 4% ever reach $1 million in revenue. And from there, only about 1 in 10 makes it to $10 million in revenue.
Scaling requires an intentional focus on the “four major decision areas every company must get right: People, Strategy, Execution, and Cash.”
So, how can you scale your STR business and achieve the growth you envision?
We've just started reading Scaling Up: How a Few Companies Make It…and Why the Rest Don't
with the STR Legends Mastermind, and it's already been influential for our team.
For the next four months we will devote an episode of Get Paid For Your Pad to going through the book's different sections, “People, Strategy, Execution, and Cash.”
On this episode of STR conversations, Eric and I share some of our key takeaways from the people section of Scaling Up.
Listen in for an overview of such topics as the difference between a good manager and a great manager and how to hire the right people for every role on your team and then help them play to their strengths and grow.
We share what an A-player is and what they bring to your team. Plus, the one thing that will make or break the success of every aspect of your company.
- Why you need to get clear on exactly how many listings YOU need to get to where YOU want to go
- Why it's so important to solve your team management issues in the beginning
- How Scaling Up can help your business no matter what stage you are in
- The most important aspect of scaling your business
- How big your team really needs to be
- Why it's so important to step up as a leader in your company to scale
- The 2 most significant tests each member of your team needs to pass
- What slows down the growth of a company
- How many people have to apply for your position before you find your A-team player
- The key to hiring A-players at every level of the company
- Why accountability will make or break the success of your company
- How to determine if your strengths as a leader are hindering your company's growth